Money managers confident in Romney, but not victory

Main Street's financial advisers increasingly gloomy about economy

Published: 08/14/2012 at 11:45 AM

(WASHINGTON TIMES) The people who manage money, Main Street’s financial advisers, are overwhelmingly voting for Mitt Romney in this year’s election — but are far less certain he will win, according to an online poll by the Financial Services Institute.

The advisers are increasingly gloomy about the U.S. economy — just 16 percent say they expect it to recover this year — and are bracing for higher capital-gains taxes in the future, with a whopping 95 percent of them saying they think those tax rates are headed up.

Mr. Romney easily topped President Obama as the advisers’ choice for the White House, by 81 percent to 15 percent.